MPP Forecast – October
October 6, 2016
The USDA Farm Service Agency announced last week that the Margin Protection Program’s milk-over-feed cost margin for August was $9.26 per hundredweight, which, taken together with the July margin of $7.59, gives a two-month average of $8.42 per hundredweight –above the $8 threshold for program payouts.
Current forecasts using USDA’s MPP decision tool suggest that the margin will be above $8 per hundredweight during the remainder of 2016 USDA’s MPP margin forecasts are updated daily.
Dairy farmers have from now until Dec. 16 to enroll in MPP for coverage in 2017, or to change their coverage level if they are already participating. NMPF’s Future for Dairy website offers a variety of educational resources to help farmers select the desired coverage level.
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